Malta operates a remittance basis of taxation. Which indicates that expatriates, who are resident but not domiciled in Malta, will only pay Maltese tax on income arising in Malta and income arising abroad which gets remitted to Malta. No tax is due on capital gains arising out of Malta or capital funds which are remitted to Malta.
EU citizens can freely move to Malta regarding terms of their Treaty based Freedom of Movement. Non-EU nationals need to obtain a residency permit to reside in Malta. Residency can be sought, amongst others, on the basis of employment in Malta or economic self-sufficiency.
Furthermore, Malta has many programmes aimed at Attracting High Net Worth Individuals or highly qualified personnel to Malta, by granting them residence rights and/or favourable taxation regimes. The central residency scheme is the recently launched Global Residency Programme.
Malta has also adopted citizenship by Individual Investment Program (IIP) which has satisfied the scrutiny of the European Commission. It has also recently passed a Visa programme, whereby the right to reside in Malta is granted to non-EU citizens against a financial contribution and investment on the island.
After an initial consultation, our team can assist interested parties to choose which strategy best suits their expectations and requirements. AE may also help you by smoothly attaining Maltese residency, sorting out details such as tax registration and ensuring that all tax affairs are handled in the most cost-efficient way possible. In addition, our residency team assists clients throughout the relocation process that includes liaising with estate agents, schools, yacht marina operators as well as concierge service providers amongst others.